Renaissance Technologies LLC Acquires 259,336 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Renaissance Technologies LLC raised its holdings in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 675.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 297,711 shares of the company's stock after acquiring an additional 259,336 shares during the period. Renaissance Technologies LLC owned about 0.21% of Liberty Broadband worth $22,257,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Barclays PLC boosted its holdings in Liberty Broadband by 6.4% during the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company's stock worth $533,251,000 after acquiring an additional 415,496 shares during the last quarter. ABC Arbitrage SA purchased a new stake in Liberty Broadband in the fourth quarter valued at approximately $563,000. Wolverine Asset Management LLC boosted its holdings in shares of Liberty Broadband by 458.8% in the 4th quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company's stock worth $710,000 after purchasing an additional 7,799 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in Liberty Broadband during the fourth quarter valued at about $229,000. Finally, Investment Management Associates Inc. ADV grew its holdings in Liberty Broadband by 2.1% in the 4th quarter. Investment Management Associates Inc. ADV now owns 223,440 shares of the company's stock worth $16,704,000 after acquiring an additional 4,640 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company's stock.

Liberty Broadband Price Performance

Liberty Broadband stock traded up $1.62 during mid-day trading on Friday, hitting $78.22. The stock had a trading volume of 661,821 shares, compared to its average volume of 1,044,681. The firm's 50 day moving average is $81.68 and its 200 day moving average is $81.46. Liberty Broadband Co. has a one year low of $46.46 and a one year high of $101.50. The firm has a market capitalization of $11.21 billion, a P/E ratio of 14.41 and a beta of 1.03. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing analysts' consensus estimates of $3.67 by ($1.63). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The company had revenue of $253.00 million for the quarter, compared to the consensus estimate of $252.50 million. On average, sell-side analysts forecast that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Liberty Broadband in a research note on Monday. They set a "sell" rating for the company.

Liberty Broadband Profile

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.